The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-07-30
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BUSINESS MEN In DOUBT.
DUN & co. REPORT UNCERTAINTY
AND HESITATION.

The State of Trade Not Reflected by
Bank Clearings and Railroad Earn
ings-The Imports Largely in Excess
of tho Exports-The Failures of the
Week.
New YORK, July OR. g. Dun & Cos
report of trade for the week says: Foreign
commerce is still unsatisfactory, while in the
domestic trade tho usual summer duilness is
increased by a variety of causes. Largo
bank cleariugs and railroad earnings fail 10
reflect the present state of business, which
is in many branches characterized by unccr-
tainty and hesitation. Clearings represent:
l, speculative dealings; 2, settlements on
business done from one to four months ago,
8. Current cash transactions, so that
activity in speculation or large payments on
past business often swell the clearings when
new legitimate business is decreasing in
volume. The railroad earnings since the
interstate law affected rates afford no re-
liable Indication of the volume of traffic,
and the publication of tonnage statistics has
been to a large extent suspended, which has
significance, Low prices delay the move
mont of wheat, and injury to corn, hay and
some minor crops produces uncertainty.
HEAVY IMPORTS.
Meanwhile foreign imports at New Yorla
continue larger than last year while the ex-
ports for four weeks past have been s per
cont smaller Official reports show an in-
crease of 81, 1000 for June III all imports
against decrease of nearly SS,000,000 in all
exports. For the three months ending with
June the excess of merchandise imports was
$44, 1873, 1902.
Wheat, corn, oats, oil, beef and hogs are
lower thun week ago.
Red winter wheat as 791(c. at New York
il the lowest July price on record Prices
ranged from 76c. to 7S13c in November and
December, 1884, but, with that exception no
lower price has been recorded in any month
for sixty-two years.
Corn at 45c at New York, and oats at
32c., and beef at an average of 81 80, do
not encourage farmers to buy largely of the
products other industries.
COTTON SPECULATION.
Speculation in cotton halts since the syn-
dicate failures, but prices weakened
again yesterday and coffee yielded a shade,
dealers meeting light and uncertain dis
tributive demand.
Sugar rises little with tho publication Of
bullish statistics, and handlers of rice are
not overworked.
Oil fell TO 54l{, but has recovered a little.
Coal agents announce an advance of l0c.
for Aug. |, and the trade is supported by an
increasing demand.
Cotton goods meet an unusually good de-
mand and prices are stiff In woolens, or
ders scarcely suffice TO open the market, ex-
cept in cheviots which move at prices not
higher than last year. In dress goods fair
trade is noted. interior reports nearly all
note existing dullness, with hopes of large
trade hereafter Money is in only fair de-
mand, with no noteworthy change in rates,
and collections fair with improvement at
one or two points.
Speculation in tobacco begins TO advance
prices.
out the country during last week number
for the United States 1872, for Canada 90, a
total of 1856, against 172 last week, and 10
the week previous.